The price of Samoyedcoin (SAMO), a meme coin launched on Solana, surged by 54% over the past day, rising from $0.011 to $0.017, with its market capitalization increasing by $25 million, according to CoinGecko.
At the time of writing, the asset’s price had adjusted to $0.015. The coin reached its peak value of $0.237 in 2021.
The increase followed an airdrop for holders of the Web3 smartphone Saga. The project announced the distribution in December 2023 for approximately 20,000 device owners.
? WHERE MY $SOL SAGA FAMO AT?! ?
Yes, it’s TRUE! #Solana Saga Holders are going to get airdropped $SAMO! ??
We hope you got your paws on one before it was too late…
DETAILS COMING SOON. ? pic.twitter.com/yePhuOfoqM
— Samoyedcoin (SAMO) (@samoyedcoin) December 16, 2023
On January 9, 2024, developers began distributing the promised tokens. Saga users can claim 1250 SAMO (approximately $20 at the current rate).
? TIME TO CHANGE THE GAME FOR SAGA HOLDERS! ?
Not only are we announcing a $SAMO airdrop…
But we’re announcing a NEW tool for #Solana projects to EASILY & SEAMLESSLY airdrop to Saga phones. ?
???️ Introducing: Saga Tools ??️?https://t.co/MKDejwG8Kq
— Samoyedcoin (SAMO) (@samoyedcoin) January 8, 2024
Simultaneously, the meme token team introduced Saga Tools, enabling other Solana developers to organize airdrops and configure additional features exclusively for Web3 smartphone owners.
Previously, the buzz around the Bonk (BONK) token distribution led to a shortage of Saga devices. At the asset’s peak, users received about $900 in meme cryptocurrency for a device priced at $599. Speculators began reselling phones on marketplaces for $5000.
Saga owners have access to other benefits:
- Access Protocol — 100,000 ACS (~$235);
- Honeyland — 50 HXD (~$10);
- Solend — exact details are yet to be disclosed;
- Degens Factory — airdrop announced;
- ShdwDrive — the project will allow Saga holders to mine SHDW tokens;
- Helium — free one-month subscription to Helium Mobile 5G service (~$20);
- Wolf Capital — distribution of several animated NFTs;
- Elementerra — early access and bonuses in the Web3 game.
In December 2023, the surge in Solana meme tokens like BONK, WIF, and ANALOS saw their prices nearly halve over the past month.